AECOM (NYSE:ACM) Shares Sold by Wright Investors Service Inc.

Wright Investors Service Inc. reduced its position in shares of AECOM (NYSE:ACM) by 20.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,680 shares of the construction company’s stock after selling 4,485 shares during the period. Wright Investors Service Inc.’s holdings in AECOM were worth $572,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. FMR LLC raised its stake in shares of AECOM by 1.4% in the first quarter. FMR LLC now owns 23,297,186 shares of the construction company’s stock worth $829,147,000 after buying an additional 332,588 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of AECOM by 12.4% in the first quarter. Vanguard Group Inc. now owns 13,266,548 shares of the construction company’s stock worth $472,156,000 after buying an additional 1,466,683 shares in the last quarter. BlackRock Inc. raised its stake in shares of AECOM by 15,313.2% in the first quarter. BlackRock Inc. now owns 12,670,699 shares of the construction company’s stock worth $450,949,000 after buying an additional 12,588,492 shares in the last quarter. Primecap Management Co. CA raised its stake in shares of AECOM by 16.3% in the first quarter. Primecap Management Co. CA now owns 8,636,075 shares of the construction company’s stock worth $307,358,000 after buying an additional 1,212,050 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of AECOM by 10.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,570,122 shares of the construction company’s stock worth $162,648,000 after buying an additional 430,748 shares in the last quarter. Hedge funds and other institutional investors own 82.49% of the company’s stock.

AECOM (ACM) traded down 3.15% during trading on Monday, hitting $31.01. 637,734 shares of the stock traded hands. AECOM has a 12 month low of $26.46 and a 12 month high of $40.72. The stock has a market cap of $4.83 billion, a PE ratio of 21.84 and a beta of 1.75. The company has a 50-day moving average price of $32.61 and a 200-day moving average price of $34.63.

AECOM (NYSE:ACM) last announced its quarterly earnings data on Tuesday, May 9th. The construction company reported $0.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.34. AECOM had a net margin of 1.28% and a return on equity of 12.40%. The company had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.47 billion. During the same quarter in the prior year, the company earned $0.87 EPS. The firm’s revenue was up 1.0% on a year-over-year basis. Equities research analysts expect that AECOM will post $2.95 EPS for the current year.

ACM has been the subject of several analyst reports. Credit Suisse Group downgraded shares of AECOM from an “outperform” rating to a “neutral” rating in a research note on Monday. Argus dropped their price target on shares of AECOM from $43.00 to $33.00 and set a “buy” rating for the company in a research note on Friday, June 2nd. UBS AG set a $38.00 price target on shares of AECOM and gave the company a “buy” rating in a research note on Monday, June 26th. Zacks Investment Research downgraded shares of AECOM from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $40.00 price target (down previously from $45.00) on shares of AECOM in a research note on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $36.00.

AECOM Company Profile

AECOM is engaged in designing, building, financing and operating infrastructure assets for governments, businesses and organizations. The Company’s segments include design and consulting services (DCS), construction services (CS) and management services (MS). Its DCS segment is engaged in planning, consulting, architectural and engineering design services to commercial and government clients in major end markets, such as transportation, facilities, environmental, energy, water and government.

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